Split loans offer the best of both worlds by allowing you to divide your home loan into fixed and variable rate portions. At Intuitive Finance, we help you understand and maximise the benefits of split loans, ensuring you secure the best option for your financial needs.
What are Split Loans?
A split loan allows you to divide your home loan into two parts: one with a fixed interest rate and one with a
variable interest rate. This structure provides the stability of fixed repayments on one portion while taking
advantage of potential interest rate reductions on the variable portion. Split loans offer flexibility and a balanced
approach to managing your mortgage, making them an attractive option for many borrowers.
ADVANTAGES
- Balanced Risk: Enjoy the predictability of fixed repayments and the potential savings from variable rates.
- Flexibility: Tailor your loan to suit your financial situation and market conditions.
- Additional Features: Benefit from features like an offset account on the variable portion and potential redraw facilities.
DISADVANTAGES
- Complexity: Managing two different loan structures can be more complex than a single loan.
- Potential Higher Costs: May incur higher fees due to the dual nature of the loan.
- Limited Benefits: May not fully benefit from significant interest rate drops on the fixed portion.
What’s Involved in Obtaining a Commercial Loan Through Intuitive Finance?
Initial Meeting
A 1-hour session to establish your financial and lifestyle goals, discuss the fact-finding document, and agree on a timeline for its return.
Fact Finding Submission
We will submit the completed fact-finding document.
Strategy Submission
Within 5 days of receiving the completed fact-finding, a written strategy is submitted to you.
Document Lodgement
Within 2 days of agreeing to proceed, documents are lodged with the institution.
Conditional Approval
Expect conditional approval within 1 to 3 days of lodgement.
Unconditional Approval
Expect unconditional (full) approval within 2 to 4 days after conditional approval.
Loan Documents Arrival
Expect loan documents to arrive within 2 to 5 days after unconditional approval.
Loan Settlement
Expect loan settlement within 3 to 5 days after submitting the signed loan documents.
Complimentary Obligation-Free Consultation
Discuss your specific needs and discover the best financing options for you. Get in touch to
organise your complimentary 60-minute session today!
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Our Commitment to the Community
With every loan we settle, you can choose to support Challenge – supporting
kids with cancer, the Movember Foundation, or the Lungitude Foundation.
We donate $20 to your chosen charity and make annual contributions. It’s our
way of giving back and helping those in need.